The Offshore World and the Looming Collapse of the Welfare State. October 2013 Total Wealth Symposium
|
|
|
- Phyllis Norris
- 5 years ago
- Views:
Transcription
1 The Offshore World and the Looming Collapse of the Welfare State October 2013 Total Wealth Symposium
2 The Upcoming Fiscal Crisis! Because of poorly designed entitlement programs and demographics, the western world is in deep trouble.! Politicians probably won t deal with problems until they face Greek-style fiscal chaos.! Let s look at numbers from the Bank for International Settlements, Organization for Economic Cooperation and Development, and International Monetary Fund.
3 U.S. Debt 450 Percent of GDP
4
5
6 In other Words
7 What s the Response to Crisis?! Is Naomi Klein (author of The Shock Doctrine: The Rise of Disaster Capitalism) right that chaos leads to free-market reform?! Or is Robert Higgs (author of Crisis and Leviathan: Critical Episodes in the Growth of American Government ) right that chaos leads to more statism?! Some evidence on both sides, with Chile and former Soviet Bloc offering some hope for libertarians and other advocates for freedom.
8 What Should Be Done?! The answer is simple just restrain the growth of spending.! Nominal GDP almost always expands, even in stagnant economies.! Key to long-run fiscal sanity is to have government grow slower than the private sector.! Enables a virtuous cycle for both numerator and denominator of Gov t/gdp.
9
10 Which Direction for America?! Considerable reason for pessimism.! American exceptionalism is disappearing as a growing share of the population think it is morally and constitutionally acceptable to steal using untrammeled majoritarianism.! Washington is controlled by a powerful alliance of politicians, bureaucrats, interest groups and lobbyists.! What incentive is there to fix the problems?
11 But there is Room for Optimism! The fiscal crisis in Europe has had a sobering impact - on both elites and ordinary people.! The House of Representatives has voted three years in a row for genuine entitlement reform.! The Tea Party has had an impact, dramatically slowing the growth of government.! When all other options are exhausted, politicians may do the right thing.
12 The Offshore Escape Option! If politicians don t do the right thing, taxes will soar and the economy will stagnate, eventually causing a Greek-style crisis but with nobody to bail out America.! One of the few prudent steps to protect against this future crisis is offshore diversification.! Tax competition is very beneficial, but politicians are trying to stamp it out.
13 What Is Tax Competition?! Tax competition exists when governments feel pressure to control tax demands because they know people and businesses can shift economic activity to jurisdictions with better fiscal policy.! Tax competition exists best when nations have territorial tax systems or when nations have worldwide tax systems that can t be enforced.
14 Does Tax Competition Matter?! Tax competition means lower tax rates.! In the past 30 years, tax rates have fallen by significant amounts.! The average top personal income tax rate fell from percent to percent.! The average corporate tax rate dropped from 48 percent to 24 percent.
15 Average OECD Top Tax Rates 70 Average top tax rate in OECD nations
16 Additional Evidence! Tax competition means less double taxation.! Many nations also eased the degree of double taxation on interest, dividends, and capital gains.! Death taxes and wealth taxes were reduced or eliminated.! Number of flat tax jurisdictions jumped from 3 to about 30.
17
18 Growing List of Flat Tax Nations
19 Tax Competition Is Being Eroded! The high-tax nations won a significant battle in the past couple of years.! All jurisdictions now agree, at least in theory, that there is an obligation to enforce the bad tax laws of high-tax nations.! Jurisdictions now need a minimum number of TIEAs to avoid persecution.! There is a peer-review process dominated by high-tax nations.
20
21
22 Prepare for More Demands! Breaking down financial privacy and imposing TIEAs is just the beginning.! The goal is to curtail and then eliminate all tax planning.! A three-prong threat unilateral (such as FATCA), bilateral (TIEAs), and multilateral (OECD, EU STD, etc).! The end goal is to enable higher tax burdens and bigger government.
23 Appeasement Doesn t Work: Don t Feed an Alligator
24 He ll Want Another Meal Tomorrow and Bring a Friend
25 Obama s Sloppy Approach! Obama said that more than 12,000 companies are registered at Ugland House, making it either the biggest building in the world or biggest tax scam in the world.
26 Cayman Islands vs. Delaware
27 Big Government Inevitably
28 Erodes America s Social Capital
29 Conclusion! For more info!
$ALL ABOUT THE MONEY WHERE IT GOES AND WHY IT MATTERS FOR YOU
$ALL ABOUT THE MONEY WHERE IT GOES AND WHY IT MATTERS FOR YOU Every person alive has the potential to learn and grow AND to contribute their unique creativity toward making the world a better place. JOHN
TAX HAVENS: THREAT OR ENHANCEMENT TO COMMERCE. By Ingrid Ulloa
TAX HAVENS: THREAT OR ENHANCEMENT TO COMMERCE By Ingrid Ulloa A haven is defined as a shelter or place that provides safety. Tax haven is defined as a place where there is low or no taxes at all, thereby
Lecture 12: Too Big to Fail and the US Financial Crisis
Lecture 12: Too Big to Fail and the US Financial Crisis October 25, 2016 Prof. Wyatt Brooks Beginning of the Crisis Why did banks want to issue more loans in the mid-2000s? How did they increase the issuance
Bruce Greenwald: The Crisis Bigger than Global Warming
Bruce Greenwald: The Crisis Bigger than Global Warming April 26, 2016 by Robert Huebscher Manufacturing is dying on a global basis, according to Bruce Greenwald, and its collapse will mean the demise of
The Failure of US Neoliberalism: Financial Panic, Economic Stagnation and What We Can Do About It
The Failure of US Neoliberalism: Financial Panic, Economic Stagnation and What We Can Do About It Bill Barclay, Chicago Political Economy Group and Democratic Socialists of America Three Sections What
The State of the American Economy
Chapter 5 The State of the American Economy Michael J. BOSKIN Tully M. Friedman Professor of Economics and Senior Fellow, Hoover Institution, Stanford University, and Research Associate, National Bureau
Consumer Confidence Highest Since Before Great Recession
Consumer Confidence Highest Since Before Great Recession December 14, 2016 by Gary Halbert of Halbert Wealth Management 1. Consumer Confidence Soars to Highest Since 2008 2. My Theory on Why Consumer Confidence
Housing market. Forecasts
Housing market Forecasts - 2018 Summer COUNTRYWIDE HOUSING MARKET FORECASTS 2018 COUNTRYWIDE HOUSING MARKET FORECASTS 2018 Forecasts Executive summary 2014 2015 2017 2018 It will be a bumpy time ahead,
Post War Policy Errors that have Damaged the UK Economy R T H O N J O H N R E D W O O D M P
Post War Policy Errors that have Damaged the UK Economy R T H O N J O H N R E D W O O D M P The last sixty years of UK economic policy making have seen a number of bad reccessions which were the result
: Monetary Economics and the European Union. Lecture 8. Instructor: Prof Robert Hill. The Costs and Benefits of Monetary Union II
320.326: Monetary Economics and the European Union Lecture 8 Instructor: Prof Robert Hill The Costs and Benefits of Monetary Union II De Grauwe Chapters 3, 4, 5 1 1. Countries in Trouble in the Eurozone
Smooth investing made easy. Aviva Smooth Managed Fund
The Aviva Smooth Managed Fund Smooth investing made easy 1 Smooth investing made easy Welcome to the Aviva Smooth Managed Fund The Smooth Managed Fund is designed to deliver growth over the medium to long
Economic Nationalism: Reality or Rhetoric? Ian Sheldon AED Economics Ohio State University. AAII Columbus Chapter November 8, 2017
Economic Nationalism: Reality or Rhetoric? Ian Sheldon AED Economics Ohio State University AAII Columbus Chapter November 8, 2017 Prospects for Global Trade 2012-15, slowdown in trade growth in both absolute
A Two-Handed Economist s Presentation on The Treaty. Professor Karl Whelan University College Dublin Presentation for Labour Party April 28, 2012
A Two-Handed Economist s Presentation on The Treaty Professor Karl Whelan University College Dublin Presentation for Labour Party April 28, 2012 The Fiscal Compact Treaty: Two Angles, Four Questions A
Oil Prices. Clifford G. Gaddy Barry W. Ickes
Putin s s System in a Regime of Low Oil Prices Clifford G. Gaddy Barry W. Ickes Best source on all this: http://www.brookings.edu/articles/2009/01_putin_gaddy.aspx ickmansblog.blogspot.com Introduction
Record Household Debt, Student Loan Delinquencies Spike
IN THIS ISSUE: Record Household Debt, Student Loan Delinquencies Spike November 28, 2018 by Gary Halbert of Halbert Wealth Management 1. Household Debt Hit a New Record High in the 3Q 2. Student Loan Delinquencies
Global Financial Markets: More or Less Volatility Going Forward?
Global Financial Markets: More or Less Volatility Going Forward? Nigel Gault Research Director US Macroeconomic Service World Economic Outlook Conference October 21-23, 2003 Issues For Review How likely
Raising the minimum wage is good for the economy
Raising the minimum wage is good for the economy MYTH: Raising the minimum wage will cost low-wage workers their jobs. FACT: Even though fear mongers in business, politics and the media continue to raise
Intermediate Macroeconomic Theory. Costas Azariadis. Costas Azariadis. Lecture 11: Fiscal Policy
Lecture 11: Fiscal Policy 1.FACTS & FIGURES a) The gov t budget -outlays G (purch.) TR(transfers) INT (int. payments) TR~ Social Security Pensions to gov t employees Unemployment Insurance Welfare checks
Budgets and Taxes Toolkit: Frequently Asked Questions
Budgets and Taxes Toolkit: Frequently Asked Questions This document is not intended to provide the right answers to questions you might be asked, but rather as illustrations of how to work with values
Commercial Cards & Payments Leo Abruzzese October 2015 New York
US, China and emerging markets: What s next for the global economy? Commercial Cards & Payments Leo Abruzzese October 2015 New York Overview Key points for 2015-16 Global economy struggling to gain traction
RETIREMENT CHALLENGES, SOLUTIONS & THE ROLE OF THE PLAN SPONSOR. (10/14) AXA Equitable Life Insurance Company (NY, NY)
RETIREMENT CHALLENGES, SOLUTIONS & THE ROLE OF THE PLAN SPONSOR GE-98387 1 (10/14) AXA Equitable Life Insurance Company (NY, NY) Evolution of US Retirement System 1875 American Express establishes 1 st
Winning the Budget Debate
Date: February 14, 11 To: From: Friends of Democracy Corps Stan Greenberg, James Carville, and Erica Seifert Winning the Budget Debate The Republican assault on the budget is starting to lose the country
Macro-Insurance. How can emerging markets be aided in responding to shocks as smoothly as Australia does?
markets began tightening. Despite very low levels of external debt, a current account deficit of more than 6 percent began to worry many observers. Resident (especially foreign) banks began pulling resources
Principles of Macroeconomics
Principles of Macroeconomics Prof. Dr. Dennis A. V. Dittrich Touro College Berlin 2015 Here is a puzzle. A country with a relatively small positive aggregate demand shock (a shift outward in the AD curve)
2. The taxation structure as described by the Implicit Tax Rate (ITR) as % of taxable income on labor, capital and consumption;
TAXATION IN BULGARIA Petar Ganev, IME In this set of papers we compare the fiscal systems of several European countries. This chapter is dedicated to the Bulgarian fiscal system. We are mostly interested
Illicit Financial Flows UNCTAD Summer School 2018
Illicit Financial Flows UNCTAD Summer School 2018 Tove By Maria Nuria Molina Ryding European Network on Debt and Development Policy and Advocacy Manager 17 Eurodad March 2011 5 September 2018 The European
Issues in International Finance Benefits of international capital markets. UW Madison // Fall 2018
Issues in International Finance Benefits of international capital markets UW Madison // Fall 2018 Roadmap Where we have been 1. Measuring external transactions and wealth 2. Unbalanced trade means borrowing
WHO S EXPOSED TO GREECE?
WHO S EXPOSED TO GREECE? In the wake of the 2008 Financial Crisis, there was a political push in both the US and Europe to head off the next crisis by easing leverage ratios down for major banks. After
42. International Tax Competition
42. International Tax Competition Congress should cut the federal corporate income tax rate from 35 percent to 15 percent; take steps toward replacing the individual and corporate income taxes with a low-rate
The Big Picture Hasn t Changed: Don t Get Sucked Back Into the Stock Market
The Big Picture Hasn t Changed: Don t Get Sucked Back Into the Stock Market July 22, 2016 by Justin Spittler of Casey Research Stocks are on a tear right now Today, the S&P 500 hit a new all-time high.
Prudential International Investments Advisers, LLC. Global Investment Strategy & Outlook For 2009
Prudential International Investments Advisers, LLC. Global Investment Strategy & Outlook For 2009 December 17, 2009 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact:
Financial Markets Perspective
Financial Markets Perspective 4101 Main Street, Suite C Hilton Head Island, SC 29926 843.342.3044 www.victoriacapitalus.com FUNDAMENTALS MATTER January 2014 A BRIEF SUMMARY OF THE CURRENT ECONOMY Last
Retirement Provision for an Ageing Population
GFIA-16-10 Retirement Provision for an Ageing Population GFIA opinion paper on ageing populations as a global risk Summary The world is experiencing an unprecedented demographic transformation brought
2007 NSBA SURVEY OF SMALL AND MID-SIZED BUSINESSES. nsba.biz
2007 NSBA SURVEY OF SMALL AND MID-SIZED BUSINESSES nsba.biz FOREWORD For 70 years, the National Small Business Association has been the leading advocate for the small business community. As part of the
44% of US Households Don't Pay Any Federal Income Tax
44% of US Households Don't Pay Any Federal Income Tax April 25, 2017 by Gary Halbert of Halbert Wealth Management 1. 44% of Households Don t Pay Any Federal Income Tax 2. Lion s Share of Federal Income
Economic Forum Nevada Small Business Development Center, Univ. Nevada, Reno For delivery on January 22, 1996, 4:45 PM, PST
Economic Forum Nevada Small Business Development Center, Univ. Nevada, Reno For delivery on January 22, 1996, 4:45 PM, PST The Economic Outlook for the West, California, and the Nation I. Good afternoon.
Economic Research KDN No.: PP14787/11/2012(030811)
wider Economic Research KDN No.: PP14787/11/2012(030811) Vol.: ER/014/2015 State of Kuwait: Country Risk Insights Economic Research Led By: Nor Zahidi Alias Chief Economist +603 2082 2277 zahidi@marc.com.my
EUROBAROMETER 71 PUBLIC OPINION IN THE EUROPEAN UNION SPRING This survey was requested and coordinated by Directorate-General for Communication.
Standard Eurobarometer European Commission EUROBAROMETER 71 PUBLIC OPINION IN THE EUROPEAN UNION SPRING 2009 NATIONAL REPORT Standard Eurobarometer 71 / Spring 2009 TNS Opinion & Social EXECUTIVE SUMMARY
US "Debt Held by the Public" vs. Total National Debt
US "Debt Held by the Public" vs. Total National Debt November 13, 2018 by Gary Halbert of Halbert Wealth Management IN THIS ISSUE: 1. Overview US Debt at Record High $21.7 Trillion 2. Debt Held by the
What's really happening to house prices. November How big is the fall (so far)?
November 2017 David Norman Chief Economist david.norman@aucklandcouncil.govt.nz 021 516 103 What's really happening to house prices Once we account for these seasonal effects, prices have fallen around
Meet FATCA s even nastier cousin: CRS
Meet FATCA s even nastier cousin: CRS Not too long ago I met a former head of the IRS while traveling on the Caribbean island of Curaçao. It was an interesting encounter. Among other things, we discussed
The Great Depression: An Overview by David C. Wheelock
The Great Depression: An Overview by David C. Wheelock Why should students learn about the Great Depression? Our grandparents and great-grandparents lived through these tough times, but you may think that
CONQUERING THE COMING COLLAPSE
LEGAL DISCLAIMER THE INFORMATION CONTAINED IN CONQUERING THE COMING COLLAPSE, AND ITS SEVERAL COMPLEMENTARY GUIDES, IS MEANT TO SERVE AS A COMPREHENSIVE COLLECTION OF TIME-TESTED AND PROVEN STRATEGIES
IMPLICATIONS OF THE GLOBAL FINANCIAL CRISIS
IMPLICATIONS OF THE GLOBAL FINANCIAL CRISIS Elliott Parker, Ph.D. Professor of Economics University of Nevada, Reno eparker@unr.edu DJIA / CPI 15,000 10,000 5,000 0 1949 1951 1953 A Look at the DJIA Adjusting
Forecast evaluation report October 2012
Forecast evaluation report 2012 16 October 2012 The aim of the FER We publish 2 EFO forecasts a year We emphasise and quantify uncertainty But still publish detail of central forecast and evaluate ex post
Ten Lessons Learned from the Korean Crisis Center for International Development, 11/19/99. Jeffrey A. Frankel, Harpel Professor, Harvard University
Ten Lessons Learned from the Korean Crisis Center for International Development, 11/19/99 Jeffrey A. Frankel, Harpel Professor, Harvard University The crisis has now passed in Korea. The excessive optimism
Perspectives on the U.S. Economy
Perspectives on the U.S. Economy Presentation for Irish Institute Seminar, April 14, 2008 Bob Murphy Department of Economics Boston College Three Perspectives 1. Historical Overview of U.S. Economic Performance
Blacktower Group Tax in Portugal. Our advice, your advantage
Blacktower Group Tax in Portugal Our advice, your advantage Contents Introduction Your Residency Status and Tax Portuguese Residency UK Residency Portugal s NHR Regime NHR and Pensions Double Tax Treaties
First Home Buyer Guide.
First Home Buyer Guide. CONTENTS 3. Where to Start 4. What to expect from you LoanSeeker broker 5. Government Help 6. Credit History Check 7. Deposit Talk 8. Finding the right loan 9. Home loan types 10.
Debt Facts and Figures - Compiled 4 th May 2006
Debt Facts and Figures - Compiled 4 th May 2006 Total UK personal debt Total mortgage borrowing in the UK will pass the 1 trillion ( 1,000 billion) mark early this month, according to the Council of Mortgage
STRUCTURAL REFORM REFORMING THE PENSION SYSTEM IN KOREA. Table 1: Speed of Aging in Selected OECD Countries. by Randall S. Jones
STRUCTURAL REFORM REFORMING THE PENSION SYSTEM IN KOREA by Randall S. Jones Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation
Issues in Too Big to Fail
Issues in Too Big to Fail Franklin Allen Imperial College London and University of Pennsylvania Financial Regulation - Are We Reaching an Efficient Outcome? NIESR Annual Finance Conference 18 March 2016
Angola s Political Economy: Some Perspectives
Angola s Political Economy: Some Perspectives David Sogge Angola-Runde deutscher Nichtregierungsorganisationen Angola Round Table of German Non-Governmental Organizations Berlin, 7./8. December 2017 Overview
Growing Public: Is the Welfare State Mortal or Exportable? Peter H. Lindert University of California - Davis
Growing Public: Is the Welfare State Mortal or Exportable? Peter H. Lindert University of California - Davis Six Conclusions: The welfare state is not an endangered species. No race to the bottom. The
17 FAQs regarding Cyprus' bail-out/bail-in
17 FAQs regarding Cyprus' bail-out/bail-in 1. How big is Cyprus? Cyprus is an island in the Mediterranean see, located north of Israel and south of Turkey. Its size is around 9,250 square kilometres. It
6 Social Security Facts Your 65-Year-Old Self Wishes You Knew Right Now
6 Social Security Facts Your 65-Year-Old Self Wishes You Knew Right Now 1 6 Social Security Facts Your 65-Year-Old Self Wishes You Knew Right Now Introduction Social Security provides an important source
Gundlach: Treasuries will Rally When QE2 Ends
Gundlach: Treasuries will Rally When QE2 Ends April 19, 2011 by Robert Huebscher The bonds that PIMCO s Bill Gross sold to take a 3% short position in the Treasury market may have found a buyer in Doubleline
6 Critical SOCIAL SECURITY Facts Retirees Must Know
6 Critical SOCIAL SECURITY Facts Retirees Must Know Updated as of May 18, 2016 Introduction Social Security provides an important source of guaranteed income for most Americans. Choosing the right claiming
The Global Savings Gap
The Global Savings Gap Authors: Ben Franklin and Dean Hochlaf June 2017 Executive Summary www.ilcuk.org.uk Executive summary About this report Many governments around the world are currently having to
The American Debt Burden
The American Debt Burden Can America Repay its Public Debt? Mohamed Rabie In June 1025, the US public debt exceeded $18.3 trillion, or 105% of the US Gross Domestic Product or GDP. In light of these facts,
What to do if you re Drowning in Debt
What to do if you re Drowning in Debt A Beginner s Guide to Debt and Debt Relief Brought to you by: Copyright creditworld 2012 1 INTRODUCTION Are you drowning in debt? Do you feel like no matter what you
In January 2017 UK Public sector net debt is 1,682.8 billion equivalent to 85.3% of GDP
UK National Debt Budget deficit annual borrowing... 2 UK net borrowing... 3 UK net borrowing as % of GDP... 3 Deficit down but debt up?... 4 Debt as % of GDP... 4 Recent history of UK National Debt...
Quantitative Easing Too Small to Fail Part IV Dr. Manuel E. Maldonado Cotto
Quantitative Easing Too Small to Fail Part IV Dr. Manuel E. Maldonado Cotto For the most part of the first decade of the 21 st century the financial system has been dealing with the effects of markets,
FIRST HOME BUYERS HANDBOOK SUPPORTING YOU THROUGH EVERY STEP
FIRST HOME BUYERS HANDBOOK SUPPORTING YOU THROUGH EVERY STEP BACKING YOU EVERY STEP OF THE WAY With ANZ, you don t just get a home loan. You get a coach who ll support you through the home-buying process
Bermuda and the Common Reporting Standard Issued by the Organisation for Economic Co- Operation and Development
Bermuda and the Common Reporting Standard Issued by the Organisation for Economic Co- Operation and Development Preface This publication has been prepared to provide an overview of the common reporting
M.Sc. in Economic Policy Studies
M.Sc. in Economic Policy Studies John FitzGerald, room 3012, jofitzge@tcd.ie 02/10/2015 1 Outline of lectures 3: October 16 th Money and the macro-economy Demand for money The demand for money The quantity
China: The Long and Short of Economic Reform
Global Economics Monthly July 2014 China: The Long and Short of Economic Reform Robert Kahn, Steven A. Tananbaum Senior Fellow for International Economics O V E R V I E W Bottom Line: China looks on track
Nuts & Bolts of Corporate Tax Reform
Nuts & Bolts of Corporate Tax Reform July 19, 2013 Presentation for the Alliance for a Just Society Steve Wamhoff, Citizens for Tax Justice The Work of Citizens for Tax Justice (CTJ) on Federal Tax Policy
Don t Raise the Federal Debt Ceiling, Torpedo the U.S. Housing Market
Don t Raise the Federal Debt Ceiling, Torpedo the U.S. Housing Market Failure to Act Would Have Serious Consequences for Housing Just as the Market Is Showing Signs of Recovery Christian E. Weller May
Austerity vs. investment. James Meadway Senior economist New Economics Foundation
Austerity vs. investment James Meadway Senior economist New Economics Foundation Current UK situation Double dip recession Two consecutive quarters of negative growth Further decline in manufacturing output
The U.S. Trade Deficit: A Sign of Good Times. Testimony before The Trade Deficit Review Commission
The U.S. Trade Deficit: A Sign of Good Times Testimony before The Trade Deficit Review Commission Submitted by Daniel T. Griswold Associate Director, Center for Trade Policy Studies Cato Institute August
ECONOMICS U$A 21 ST CENTURY EDITION PROGRAM #24 FEDERAL DEFICITS Annenberg Foundation & Educational Film Center
ECONOMICS U$A 21 ST CENTURY EDITION PROGRAM #24 FEDERAL DEFICITS ECONOMICS U$A: 21 ST CENTURY EDITION PROGRAM #24 FEDERAL DEFICITS (MUSIC PLAYS) ANNOUNCER: FUNDING FOR THIS PROGRAM WAS PROVIDED BY ANNENBERG
Has US Debt Reached A Tipping Point?
Has US Debt Reached A Tipping Point? October 28, 2016 by Urban Carmel of The Fat Pitch Summary: Investors have become very concerned about excessive debt in the US. The worry is that current leverage has
Irish Economic Update AIB Treasury Economic Research Unit
Irish Economic Update AIB Treasury Economic Research Unit 9th October 2018 Budget 2019 Public Finances in Balance The Irish economy has performed strongly in recent years, boosting tax revenues. Corporation
The Achieving a Better Life Experience (ABLE) Act
The Achieving a Better Life Experience (ABLE) Act is a new law that lets a person with a disability and that person s family put money into a special tax-advantaged account. The ABLE Act will allow people
Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank
Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank Looking to the future What comes next in terms of European financial integration? Speech at the South African Institute for International
Sinology KEY QUESTIONS FOR CHINA INVESTORS IN 2015 PART II. by Andy Rothman. Why Do I Keep Saying China Won t Ease this Year?
Sinology by Andy Rothman February 19, 2015 a In the second of a threepart series, Sinology answers some of the key questions investors should be asking about China in 2015. a We are witnessing the odd
Lecture 7. Unemployment and Fiscal Policy
Lecture 7 Unemployment and Fiscal Policy The Multiplier Model As we ve seen spending on investment projects tends to cluster. What are the two reasons for this? 1. Firms may adopt a new technology at
Tax Havens Are a Blessing: How Low-Tax Jurisdictions Make the World a Better Place
Tax Havens Are a Blessing: How Low-Tax Jurisdictions Make the World a Better Place Presentation to the Nassau Institute, The Bahamas, November 6, 2008 International Threats! OECD s harmful tax competition
Chapter 9 ETHICS & GLOBALIZATION
Chapter 9 ETHICS & GLOBALIZATION CHAPTER OBJECTIVES After exploring this chapter, you will be able to: 1. Understand the ethical issues arising in global business. 2. Explain the issue of ethical relativism
Business Environment: Russia
Business Environment: Russia Euromonitor International 13 April 2010 Despite the economic recession of 2009, a recovery is expected in 2010. The business environment remains challenging due to over-regulation,
Peter Schiff is calling for a sudden and violent crash in the U.S. dollar sometime in 2016.
Peter Schiff is calling for a sudden and violent crash in the U.S. dollar sometime in 2016. When the collapse inevitably hits, the presumed safety of the U.S. dollar and Treasuries will disappear overnight.
THE NEW ECONOMY RECESSION: ECONOMIC SCORECARD 2001
THE NEW ECONOMY RECESSION: ECONOMIC SCORECARD 2001 By Dean Baker December 20, 2001 Now that it is officially acknowledged that a recession has begun, most economists are predicting that it will soon be
SOCIAL SECURITY. 6 Critical Social Security Facts Retirees Must Know
SOCIAL SECURITY 7/26/201 6 6 Critical Social Security Facts Retirees Must Know Social Security provides an important source of guaranteed income for most Americans. Choosing the right claiming strategy
SOCIAL SECURITY. 6 Critical Social Security Facts Retirees Must Know. January 2016
Presented by: SOCIAL SECURITY January 2016 6 Critical Social Security Facts Retirees Must Know Social Security provides an important source of guaranteed income for most Americans. Choosing the right claiming
ADDRESSING ILLICIT FINANCIAL FLOWS AND CAPITAL FLIGHT IN THE MENA
1 ADDRESSING ILLICIT FINANCIAL FLOWS AND CAPITAL FLIGHT IN THE MENA BY PAUL COCHRANE SUMMARY: ILLICIT FINANCIAL FLOWS FROM THE MIDDLE EAST AND NORTH AFRICA (MENA) HAVE SIGNIFICANTLY INCREASED OVER THE
Tax Strategy for The Bahamas as an IFC 2 March 2018
Tax Strategy for The Bahamas as an IFC 2 March 2018 Agenda Tax Strategy for The Bahamas Current global environment Tax strategies of other IFCs Potential impacts of corporate tax Policy considerations
Investment Insights. How to survive the EU referendum?
Investment Insights How to survive the EU referendum? Quarter two - 2016 Policymakers have played an increasing role in the direction of investment markets over recent years and with a host of activity
What does Western Economic Crisis Mean for South Africa?
What does Western Economic Crisis Mean for South Africa? Seeraj Mohamed Corporate Strategy and Industrial Development Research Programme University of the Witwatersrand Context for Europe s Crisis Global
Report for April 2012
Report for il 2012 Issued il 30, 2012 National Association of Credit Management Combined Sectors After five straight months of gains, the Credit Managers Index (CMI) slipped to 55.1 from the March reading
China: Double, Double Toil and Trouble/Fire Burn, and Cauldron Bubble?
China: Double, Double Toil and Trouble/Fire Burn, and Cauldron Bubble? September 15, 2015 by Andy Rothman of Matthews Asia September 10, 2015 China s economy is seemingly in turmoil. Markets are down,
Remarks by James K. Galbraith at the Economists for Peace and. Security Bernard Schwartz Symposium on Jobs, Investment and Energy.
Remarks by James K. Galbraith at the Economists for Peace and Security Bernard Schwartz Symposium on Jobs, Investment and Energy. Delivered March 13, 2010, Ronald Reagan International Trade Center, Washington
SCOTLAND S ECONOMIC FUTURE POST-2014 SUBMISSION FROM PROFESSOR ANTON MUSCATELLI
SCOTLAND S ECONOMIC FUTURE POST-2014 SUBMISSION FROM PROFESSOR ANTON MUSCATELLI Introduction I thank the Committee for the invitation to appear in connection with this inquiry. I would like to point out
Can Trump's Economic Plan Jump-Start GDP Growth?
Can Trump's Economic Plan Jump-Start GDP Growth? March 1, 2017 by Gary Halbert of Halbert Wealth Management 1. President Trump s Economic Plan Promises 3-4% GDP Growth 2. Manufacturing Has the Best Job-Multiplier
Current Financial Crisis and the Polish and U.S. Economies Edward C. Prescott
Current Financial Crisis and the Polish and U.S. Economies Edward C. Prescott June 11, 2010 Cracow University of Economics Poland Is Not a PIG Poland Is Healthy and Growing The U.S. Economy Is Depressed,
Bilateral Agreements in EU trade policy
SPEECH/06/574 Peter Mandelson EU Trade Commissioner Bilateral Agreements in EU trade policy London School of Economics London, 9 October 2006 at 20h00 CET In this speech at the London School of Economics
U.S. Debt Tops $20 Trillion - Stocks Soar To Record Highs
U.S. Debt Tops $20 Trillion - Stocks Soar To Record Highs September 20, 2017 by Gary Halbert of Halbert Wealth Management 1. National Debt Tops $20 Trillion, Equal to 107% of GDP 2. Debt Held by the Public
Retirement Planning ROTH CONVERSION STRATEGIES TO CONSIDER
PRICE PERSPECTIVE February 2018 In-depth analysis and insights to inform your decision-making. Retirement Planning ROTH CONVERSION STRATEGIES TO CONSIDER EXECUTIVE SUMMARY A Roth conversion moves assets
5 Things Retirees Should Know ABOUT SOCIAL SECURITY BENEFITS
5 Things Retirees Should Know ABOUT SOCIAL SECURITY BENEFITS For most Americans, Social Security will provide a significant portion of their income in retirement. According to Social Security Administration
Explaining risk, return and volatility. An Octopus guide
Explaining risk, return and volatility An Octopus guide Important information The value of an investment, and any income from it, can fall as well as rise. You may not get back the full amount they invest.